24 swank towers may replace the 700 old buildings in Mumbai's Kamathipura

Kamathipura has a proposed cluster redevelopment that includes two-thirds of this central location, but leaves out most of the infamous red-light section. Four hundred out of 500 landlords spread over 39 acre across 16 lanes have prepared the master plan. This will also be the largest urban renewal scheme in the city. As per reports, the cluster redevelopment rules, larger the area for redevelopment, bigger the flats. The policy entitles a tenant living in a tenement of area up to 300 sq ft to a 525sq ft flat. As per the rules, 70 per cent consent is necessary for the scheme to go ahead. In this instance, consent is 80 per cent.

Rs 7,824 crore will be needed to have 24 towers of 23 storeys each as the rehab component. The built-up area will cover 40-45per cent (of 39 acre). According to reports, Dr Ajay Nakashe, who is leading the demand for the redevelopment of BDD chawls by tenants, and Rajendra Satla, a landlord, in 2014 set the ball rolling. Nakashe reportedly says that the cluster policy offers great benefits for those willing to overcome distrust and become united by a vision. It needs a facilitator to bring in the vision and cobble together the trust. The proposal is for every plot owner to get an almost equivalent-sized flat for every 50 sq m (538 sq ft) of plot, plus another flat in lieu of the tenement he resides in. So, the minimum that a landlord will get is two flats if he resides in a building in the area and if his plot is 50 sq m (the number of flats goes up with plot size; so, two flats for a 100 sq m plot).